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Rand News Update │ Rand starting week off at 18.70

We publish this daily rand news update of the rand to dollar rates and factors which influence foreign exchange markets, to help you make better decisions whether you send money, receive, or want the latest money transfer news.


The South African rand started the week off trading at a level of 18.70. The local unit managed to make significant gains to trade reach its best level of 18.55, although it closed off at 18.62. The predicted trading range for the rand today is between 18.5000 to 18.8000.


Markets will be trading with caution ahead of the U.S. CPI print tomorrow. Analysts will keep a close eye on this data for any insight on the rate cutting cycle. The local unit have not managed to break below a 18.55 level, while there is no local data out today.


The rand will look for support at 18.53, 18.43 and then a low of 18.32. The resistance levels for the rand are at 18.74, 18.86, following with a high of 18.95.

 

Foreign Exchange Rates

At time of writing:

The Rand traded at 18.6438 versus the dollar.

  • GBP: 23.53

  • Euro: 20.19

  • Gold: 2336 USD

  • Bitcoin: 70 124 USD

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Rand News Update │ Rand weaker at level of 18.70

We publish this daily rand news update of the rand to dollar rates and factors which influence foreign exchange markets, to help you make better decisions whether you send money, receive, or want the

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